Written answers

Tuesday, 7 April 2009

11:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 48: To ask the Minister for Finance the amount the income levy has raised in each month since its introduction; the measures that have been taken to track the volume of revenue raised by the levy specifically, as opposed to the amount of income tax inclusive of the levy; and if he will make a statement on the matter. [14171/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I am advised by the Revenue Commissioners that the monthly apportionment between payments of PAYE tax and Income Levy for the 2009 tax year is determined by applying a breakdown formula derived from a tax-forecasting model maintained by the Revenue Commissioners. The precise breakdown between PAYE tax and the Income Levy will be available in the first quarter of 2010 on receipt of the forms P35 from employers.

On this basis, it is estimated that approximately €55m per month has been collected in Income Levy in February and March 2009.

A similar approach will be taken in respect of payments of Income Tax and Income Levy that will be made by the self-employed for 2009 (preliminary tax) which is due for payment by 31 October 2009.

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